Liberia - The Public Financial Management Reform Support Programme (PFMRSP-I) - (Additional Grant)


Project Summary

Approval Date 27 May 2009
Signature Date 01 Jun 2009
Planned Completion Date 31 Dec 2010
Last Disbursement Planned Date 31 Dec 2010
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 3,386,000
Status Completion

Project General Description

The present intervention concerns the supplementary support of UA 3.386 million to Liberia’s Public Financial Management Reform Support Programme (PFMRSP) I. The proposed supplementary assistance provides additional budget support to help the government cope with the extraordinary adverse conditions posed by the current international economic crisis (2009). The PFMRSP I is designed to support the codification of budget operations that should allow the transition to the Integrated Financial Management Information System (IFMIS), aligning the state budget system with internationally accepted standards. It's a program in line with the Poverty Reduction Strategy (PRS) in which the government launched a medium-term PFM Reform Program and a program to modernize FISC administration. The PFMRSP I should deepen these reforms to ensure budget effectiveness by improving its development, implementation, and monitoring. This programme comprises four main components, namely: strengthening of public financial management system; strengthening revenue mobilization; enhancing procurement and auditing system and assisting the government to respond to the global food crisis.

Project Objectives

The overarching purpose of the PFMRSP I is to buttress four pillars: (i) strengthen public financial management (PFM) systems; (ii) modernize the revenue administration; (iii) reinforce procurement and audit systems; and (iv) support the government’s response to the global food crisis.

Beneficiaries

The program should benefit the Ministry of Finance and other key institutions to accelerate the implementation of the reform process. It's also expected to benefit the Liberian people by improving the delivery of public services and promoting an enabling environment for private sector development.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministry of Finance

Information

IATI identifier 46002-P-LR-K00-011
Last Update 20 Jun 2021

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Contact Details

Name GEBRE-SELASSIE Kalayu
Email k.gebre-selassie@afdb.org

Geographic Location

Country Liberia